No good deed goes unpunished: Writing off debts

In the current tragic economic climate of South Africa, largely due to the recent COVID-19 outbreak, various corporates and businesses are facing the likelihood of corporate insolvency and the effects of large debt overhangs. For many group companies, this may have resulted in increased inter-company loans and / or internal group corporate restructurings which may […]

Make sure that you are part of the group: Section 46 of the Income Tax Act

Section 46 of the Income Tax Act, 58 of 1962 (herein the ”ITA”) defines a ”Unbundling Transaction”  to mean any transaction in terms whereof the equity shares in a company (usually referred to as the ”Unbundled Company”), and held by another company (traditionally the ”Unbundling Company”), is distributed by the Unbundling Company, to its shareholders, […]


Interest free loans or low interest loans to trusts and related companies – sec 7C revisited. In our circular dated the 10th of January 2017 we discussed the newly introduced Section 7C of the Income Tax Act, which has since been promulgated into law. We made the following statement: It seems from the wording that […]


Whether you are thinking of helping your son financially to enable him to purchase his first property or donating money towards a worthy cause, there are some things to keep in mind. A donation is defined in the Income Tax Act No. 58 of 1962 as “any gratuitous disposal of property including any gratuitous waiver […]

We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies